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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I hope the younger folks are reading this thread! There is a lot of wisdom here.[/quote] I'm reading. I'm 44 and a single woman. It surprises me that a couple in their 50s would have a total net worth of 3m with 2m of that in retirement. I will have 2m in retirement BY MYSELF at their age (to me, for two people, they don't have a lot). If had stayed married, it would have been much, much more than double that. I worked my entire marriage but he made more income wise. I had more in retirement when we met and he had a professional degree and I did not. I think younger people are smarter about retirement and building assets than people 55 plus. [/quote] Did you have kids? Many of the people who are in their 50s have either paid or are paying for their kids' colleges after daycares, schools, all the extra stuff of kids. Personally I have zero need for the more than 2.5M we have accumulated so far in retirement. What's the point of saving/investing more than you need? And if you're surprised by the "low" amounts you read here, you should look at the data! You'll really feel superior then.[/quote]
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